Sealed Air downgraded to Hold from Buy at Jefferies

Jefferies downgraded Sealed Air to Hold from Buy with a price target of $35, down from $47. While the company delivered strong first half results, with the consumer weakening and secular headwinds in Protective gaining momentum, its volumes declines are accelerating and expected to decline again in 2025, the analyst tells investors in a research note. The firm says Sealed Air’s 2025 is shaping up as another transition year with flat EBITDA. As such, the stock “could remain de-rated,” contends Jefferies.